BNP PARIBAS ASSET MANAGEMENT Holding S.A. Decreases Stock Holdings in HF Sinclair Co. (NYSE:DINO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its stake in HF Sinclair Co. (NYSE:DINO) by 46.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,667 shares of the company’s stock after selling 63,448 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in HF Sinclair were worth $3,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth $408,000. Van ECK Associates Corp grew its stake in HF Sinclair by 7.5% during the 4th quarter. Van ECK Associates Corp now owns 86,692 shares of the company’s stock worth $4,817,000 after buying an additional 6,012 shares during the last quarter. Victory Capital Management Inc. increased its position in HF Sinclair by 11.9% during the 4th quarter. Victory Capital Management Inc. now owns 306,789 shares of the company’s stock valued at $17,048,000 after buying an additional 32,654 shares in the last quarter. Swiss National Bank raised its stake in HF Sinclair by 2.0% in the fourth quarter. Swiss National Bank now owns 504,300 shares of the company’s stock valued at $28,024,000 after buying an additional 10,000 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in HF Sinclair by 13.0% in the fourth quarter. Natixis Advisors L.P. now owns 36,146 shares of the company’s stock worth $2,008,000 after acquiring an additional 4,160 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DINO has been the subject of several research analyst reports. Wolfe Research began coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Piper Sandler lowered their price objective on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Mizuho cut their target price on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. JPMorgan Chase & Co. lifted their price target on HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, UBS Group dropped their price target on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and an average target price of $62.55.

HF Sinclair Stock Up 3.5 %

HF Sinclair stock opened at $49.14 on Friday. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 6.08 and a beta of 1.19. HF Sinclair Co. has a 52 week low of $44.09 and a 52 week high of $64.16. The business’s 50-day moving average price is $49.19 and its 200 day moving average price is $54.41. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.73% and a net margin of 3.80%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $2.60 EPS. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 3.85 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.